Pages

Thursday, May 17, 2012

Debt Consolidation - Professional Writing Sample

Below is an example of an informational article written for SEO purposes.

The 600 word article was completed in 12 to 14 minutes with little to no research involved.

In order to understand the importance of non profit debt
consolidation and other financial recovery services today, it is important to
review the nature of credit card debt, specifically. When a consumer makes a
large amount of purchases on a credit card, or multiple lines of credit, he or she will receive a monthly bill from the credit card company. Rather than paying
off the total balance of all credit transactions, the consumer will need to
make a small payment of about 5% to 15% of the running total of that line of credit. This way, consumers can take several months or even years to pay off various purchases. While this is a great way for consumers that need to
make a variety of transactions to buy products without paying the full amount
upfront, acquiring too much credit card debt can be very dangerous for those
with unstable sources of income. This is because if the consumer makes his or her payments late, the creditor or lender will assess a large fee on the credit account,
which can range from $15 to $50 for each instance.

This financial penalty becomes more severe for payments that are missed
completely. This means that theoretically, if a consumer that has a large
amount of credit card debt were to lose his or her job and miss regular debt payments for several months as a result, the consumer could be facing a much larger debt balance
when he or she finally recovers financially. This is further complicated by the
fact that credit cards have some of the highest interest rates in the financial
sector, which means that the consumer's balance will continue to grow quickly
while he or she is recovering from this personal financial crisis. Many
consumers in this situation believe that simply abandoning their debt is the
only action available to them, as they have no way of paying off their debts on
their own. However, this could lead to serious financial consequences in the
long run! Consumers with high volumes of credit card debt should instead
consider non profit debt consolidation services.

Non profit debt consolidation is a perfect solution for those consumers
struggling under mountains of credit card debt. This is because with the
consolidation process, the consumer will be able to benefit from a lower
overall interest rate in most circumstances. The difference between measured interest rates, especially in relation to credit card debt, is often due to
whether or not the debt is considered secured. Secured debts or lines of credit
will most often boast low interest rates, because they are able to leverage the ownership of a personal asset against the line of credit. This means that if the
consumer were to default on the loan, the lender would be able to seize this
asset as payment for the unpaid funds.

The most well-known example of a secured loan is a mortgage or home loan.
Credit card debt is considered unsecured debt, because the consumer is not
required to have his or her personal assets leveraged against the total debt burden.
However, when a consumer with large amounts of credit card debt decides to seek
non profit debt consolidation, he or she may be able to leverage ownership of a property or
vehicle against the new consolidated loan agreement. This will allow the new owner of the debt or debt to offer the consumer a much lower
interest rate on the total loan balance! This will lower the consumer's monthly payments
towards and will save him or her thousands of dollars throughout
the loan term. With debt restitution programs like debt consolidation,
consumers can get rid of their unsecured credit card debt and live without the added stress of a high debt burden.